The proposed bill, General Assembly Committee Bill No. 5744, aims to prohibit businesses from requiring consumers to authorize the storage of their credit card and debit card information as a condition for entering into or amending consumer agreements, or for automatic renewal or continuous services provisions. The bill defines key terms such as "business," "consumer," "consumer agreement," "consumer good," and "consumer service," all of which align with existing definitions in section 42-158ff of the general statutes. It allows for temporary storage of card information solely for processing payments, provided that the consumer voluntarily submits this information and it is not stored beyond the necessary time for payment processing.

Additionally, the bill empowers the Commissioner of Consumer Protection to adopt regulations to implement its provisions and states that any violations will be considered unfair or deceptive trade practices under existing law. The act is set to take effect on October 1, 2025, and aims to enhance consumer protection by ensuring that businesses cannot mandate the storage of sensitive payment information.